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Brian McFadden for March 15, 2021

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    RAGs  7 months ago

    If that fourth panel is Cruz, it can only be found in Cancun when Texas freezes over.

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    pepwine  7 months ago

    The gold standard was not sustainable and had large movements of gold by ships that sometimes sank. Not acceptable and slow. We needed something that could move at the speed of commerce, world commerce. The US dollar was accepted as the medium of exchange. But you need a stable US dollar.We already had money moving by electronic transfers before Bitcoin. But block chain made it more secure. Very nice when you are moving millions or billions, but really sucks when you buy chewing gum with Bitcoin and they have to record the transaction which uses tons of energy for every transaction.If a transaction uses as much energy as the cost of the transaction it is no longer a useful medium of exchange.We need something different. Large transactions need added security, small transactions need efficiency.I don’t care nearly so much if you ripped off a pack of gum as I would care if my purchase of a house was ripped off.Safe and fair transactions should be the norm. I will buy your xyz for so much real coin and we agree.Bitcoin and the like that use block chain will use far too much energy for every day transactions and bring the whole thing down.I will not use crypto currency of any kind because it wastes energy.

    Don’t you care about the environment?

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  3. 1faentz
    OldCoal  7 months ago

    Bitcoin is insanely overvalued. It has become yet another statement as to how much money is sloshing around in the wealthy bank accounts, seeking an investment home.

    The crash is going to be insane as well. As divorced as the various derivative markets have become from reality, I sometimes wonder if the crash will actually affect the real economy, as opposed to simply burning down the derivatives.

    (NOTHING is more derivative than bitcoin. Literally. It derives value from nothing but perception.)

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  4. Wtp
    superposition  7 months ago

    Until we have pragmatic energy-efficient quantum computers, blockchain solutions will be too costly to use for everyday transactions. We are currently consuming more resources than we can replenish — burning the candle at both ends — a situation that cannot be sustained. Perhaps it is time to realize that we have problems that can no longer be neglected?

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    calliarcale  7 months ago

    Skeeball tickets are fungible, because they are all worth exactly the same amount; even if, as depicted, they have serial numbers, they are completely interchangeable with one another. A non-fungible token is unique by nature, and so the idea of mining them is meaningless.

    Otherwise very funny, and I do like the idea of mining them at Skeeball as a poke at how ridiculous the whole thing is.

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